STMicroelectronics NV (0INB): New Buy Recommendation for This Technology Giant

Kepler Capital analyst Sebastien Sztabowicz maintained a Buy rating on STMicroelectronics NV on January 29 and set a price target of €30.00. The company’s shares closed last Thursday at €23.53.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Sztabowicz covers the Technology sector, focusing on stocks such as Infineon Technologies AG, ams-OSRAM, and Nokia. According to TipRanks, Sztabowicz has an average return of -5.0% and a 42.82% success rate on recommended stocks.

In addition to Kepler Capital , STMicroelectronics NV also received a Buy from Citi’s Andrew Gardiner in a report issued yesterday. However, on the same day, Goldman Sachs maintained a Hold rating on STMicroelectronics NV (LSE: 0INB).

Based on STMicroelectronics NV’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €3.17 billion and a net profit of €235.98 million. In comparison, last year the company earned a revenue of €3.25 billion and had a net profit of €351 million

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0INB in relation to earlier this year.